RBA watching for tariff war but won’t prejudge inflation fallout

US trade tariffs are expected to affect exports worldwide. (Image: File)

Thu, 12 Dec 2024

By James GlynnThe Reserve Bank of Australia is preparing to deal with the fallout resulting from a major international trade war in the coming years, but the central bank’s deputy governor, Andrew Hauser, said it’s best to avoid prejudging the consequences for Australia.The impact that higher tariffs around the world will have on Australia’s inflation is “ambiguous”, in large part because it depends on a far wider set of considerations than the imposition of US trade restrictions alone, Hauser told a meeting of eco...

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